Odisha Government borrowing to be Rs 18,877 crore
Latest News
bookmarkBOOKMARK

Odisha Government borrowing to be Rs 18,877 crore

By Thenewindianexpress calender  22-Jul-2019

Odisha Government borrowing to be Rs 18,877 crore

The state government will have to borrow Rs 23,584 crore from different sources and repay Rs 4,707 crore during 2019-20 financial year to implement several welfare schemes including KALIA and Pucca Ghar Yojana though the finances have not looked up.
Though the government has placed a Budget of Rs 1,39,000 crore for 2019-20, it is heavily dependent on Odisha’s share in Central taxes and grants, which is likely to put a heavy burden on the State exchequer.

While the state share in Central taxes has been estimated at Rs 39,207 crore, the figure is likely to change as Odisha Budget was placed in the Assembly before the Union Budget. Besides, Central grants have been estimated at Rs 30,559 crore for implementation of different schemes.

MOLITICS SURVEY

क्या आरक्षण पर मोहन भागवत के बयान से चुनावों में बीजेपी को नुकसान होगा?

TOTAL RESPONSES : 28

Raise Your Voice
Raise Your Voice 

Suffering From Problem In Your Area ? Now Its Time To Raise Your Voice And Make Everyone Know